Final Thoughts
Final Thoughts
Written by John Packard
April 3, 2015
SurveyMonkey.com handles our flat rolled steel market analysis (surveys) and sends out invitations twice per month. They have made some changes to the way they send out the surveys and the way you access the questionnaire. If you normally get a invitation and have not seen it please check your SPAM folder as it is most likely hidden there. The survey invitations were sent out on Monday at 8 AM ET and then again on Tuesday at 7:30 AM ET. Our next reminder will go out at 8 AM ET on Wednesday morning.
We continue to register more people for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be conducted in Merriville, Indiana just outside of Chicago on May 19 & 20th. What is nice to see is there are a number of returning companies who continue to send their employees to our workshops. This is a true measure that our workshops are hitting their mark. Come find out for yourself. We still have open spots available. You can find out more about our program, instructors, facilities, costs, etc. on our website. The workshop includes a tour of the NLMK Indiana mini-mill. You are also welcome to contact our office with any questions you might have: 800-432-3475 or info@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
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SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
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A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
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We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.